Expenses incurred due to the legal costs of running a profitable business that yields an available income is usually listed as a tax-deductible expense. It's only when the legal...
Posted by CORE PERFORMANCE on 01/09/2022
Even the most responsible business owner can fall behind with taxes. Every year, unforeseen delays, expenses, and other financial hardships keep people from paying their taxes to the...
Posted by CORE PERFORMANCE on 12/27/2021
The Restructuring and Reform Act of 1998 marked a change that mandated Uncle Sam to adjust how it treated taxpayers. Uncle Sam must fully communicate with taxpayers and grant them...
Posted by Karen Munoz, EA on 12/18/2021
The executor, most of the time, is charged with filing the state and federal income tax return for the deceased at the year of death. The surviving spouse is responsible if they file...
Posted by Karen Munoz, EA on 12/10/2021
Payment of college tuition is usually stressful for a student. As a result, many students strive for scholarships and grants to offset the expense. Winning a scholarship indeed...
Posted by CORE PERFORMANCE on 11/21/2021
If you think you don't have to pay certain federal penalties or interest, you can request an IRS penalty abatement. If you qualify, the IRS will waive some or all of your penalties.To...
Posted by CORE PERFORMANCE on 11/11/2021
Growing your business in this age and time is not an easy venture. With lots of competition and the constant evolution of the market, it can be sometimes overwhelming to keep up. Are...
Posted by Karen Munoz, EA on 11/04/2021
As a sole proprietor, you are solely responsible for your business. You will need to encounter additional tax and reporting requirements, but you may also be eligible for certain tax...
Posted by CORE PERFORMANCE on 10/24/2021
While many people do not see receipt as a big deal, it is not so with small businesses. Savvy business owners need to keep receipts so that their tax returns can have a bearing during...
Posted by CORE PERFORMANCE on 10/18/2021
